Exxon Discovers Vast Pool Of Oil In Artic

[elektra]

Seems this Oil stuff is just everywhere, yet there are those "scientists" who say we ran out a long time ago, puzzling, these "scientists." Well, at least we got the Oil to build miles and miles and miles of Wind Turbines and Solar Panels.

Rosneft Says Exxon Arctic Well Strikes Oil - Bloomberg

Rosneft Says Exxon Arctic Well Strikes Oil
By Ilya Arkhipov, Stephen Bierman and Ryan Chilcote Sep 27, 2014 12:02 PM PT
1267 Comments Email Print

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Nov2014MarMayJulSep85.0090.0095.00100.00105.00* Price chart for EXXON MOBIL CORP. Click flags for important stories.XOM:US95.431.18 1.25%
Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.

Russia’s state-run OAO Rosneft (ROSN) said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. (XOM) struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.

The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

“It exceeded our expectations,” Sechin said in an interview. This discovery is of “exceptional significance in showing the presence of hydrocarbons in the Arctic.”

 

[Vigilante]

Russia seems to have gotten it first!

 

[TheOldSchool]

Oh? Good luck drilling in that shit Russia. Maybe it'll be easier once the cap melts.

 

[Old Rocks]

If they are planning on drilling in areas where there are clathrates, they may bite off more then they know. And the results will affect all of us.

 

[CrusaderFrank]

If they are planning on drilling in areas where there are clathrates, they may bite off more then they know. And the results will affect all of us.

tell us more about "Peak Oil"

 

[elektra]

If they are planning on drilling in areas where there are clathrates, they may bite off more then they know. And the results will affect all of us.

What is an, "affect"?

 

[Old Rocks]

Meaning of Affect and Effect
In order to understand the correct situation in which to use the word affect or effect, the first thing one must do is have a clear understanding of what each word means.

• Affect is a verb. It means to produce a change in or influence something.

• Effect is a noun. It is the result or change that occurred. When an "s" is added, "effects" means personal belongings.

A large release of CH4 will affect the climate, worldwide.

 

[CrusaderFrank]

clathrates + CO2 = AGW ^2

 

[elektra]

Meaning of Affect and Effect
In order to understand the correct situation in which to use the word affect or effect, the first thing one must do is have a clear understanding of what each word means.

• Affect is a verb. It means to produce a change in or influence something.

• Effect is a noun. It is the result or change that occurred. When an "s" is added, "effects" means personal belongings.

A large release of CH4 will affect the climate, worldwide.

What is an, "affect", you speak of, moron.

 

[CrusaderFrank]

Meaning of Affect and Effect
In order to understand the correct situation in which to use the word affect or effect, the first thing one must do is have a clear understanding of what each word means.

• Affect is a verb. It means to produce a change in or influence something.

• Effect is a noun. It is the result or change that occurred. When an "s" is added, "effects" means personal belongings.

A large release of CH4 will affect the climate, worldwide.

Large as in what, cow farts?

 

[CrusaderFrank]

Old Rocks should we stop drilling for oil?

Save us!

 

[CrusaderFrank]

Old Rocks if the AGWCult gained complete dictatorship over the USA, how would you sick fuckers make our lives better?

 

[CrusaderFrank]

Old Rocks if the AGWCult gained complete dictatorship over the USA, how would you sick fuckers make our lives better?

1. Kill the Deniers

2. Ban all exploration, refinement and use of "Fossil fuels" (So you still believe it can only come from fossils?)

 

[Katzndogz]

Exxon? All by it's lonesome? The obama regime is so hostile to business, that it was Russia that discovered the oil field. Exxon is working with Russia to drill for that oil.

Again President Putin makes obama look the fool.
Russia Says Arctic Well Drilled With Exxon Strikes Oil - Bloomberg

Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.
Russia’s state-run OAO Rosneft said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.
The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

 

[elektra]

Exxon? All by it's lonesome? The obama regime is so hostile to business, that it was Russia that discovered the oil field. Exxon is working with Russia to drill for that oil.

Again President Putin makes obama look the fool.
Russia Says Arctic Well Drilled With Exxon Strikes Oil - Bloomberg

Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.
Russia’s state-run OAO Rosneft said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.
The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

All that is in the OP, why repeat it like it was not posted, you read the title, not the OP. Nice job.

 

[Katzndogz]

Even American business is moving away from obama and toward the relative freedom offered by Russia.

 

[elektra]

Transocean moved to Europe.

 

[RGR]

If they are planning on drilling in areas where there are clathrates, they may bite off more then they know. And the results will affect all of us.

Got worries about run of the mill hydrates Old Rocks? You think maybe XOM hasn't drilled through miles of the stuff before, and will suddenly forget all this experience when doing it in Russian waters?

 

[RGR]

tell us more about "Peak Oil"

Happened like 5 or 10 years back. Got all the oil ignorant excited for awhile, but then everyone didn't die off and they ran off to pimp some other fear.

 

[Old Rocks]

Well no, peak oil was based on oil recoverable at the price then in effect. Today, with $100 a barrel oil, peak oil is much further off. However, that oil will be even more expensive.